So, I have decided to make my target of putting back into my savings what I took out of it by the end of the year.
It’s a personal thing and just a way to end this year on a positive note. Again, I didn’t blow the money I took out of savings, I invested it, but investments are not liquid.
So, since I am building up my savings (my cash reserves as it were) I am building up the cash I stuff into the bank so that I can go start that self-sustaining homestead/town/thing.
In order to do that I have made a few changes on both the income and the expenses side of my budget.
First of all I have suspended the book buying program. I will resume building up the Homestead Archives in January, but for now, I am stopping all unnecessary expenses.
I was going to stop getting my hair cut every third payday, but then I would start to look scruffy, or I would have to go back to buzzing my own hair and beard (and I don’t want to do that).
I have cut back on the refunding of my wallets to their minimum practical level. Meaning the cash (as in actual bills) that I put back into my wallets each payday.
I can still function and do what I need to do, but my budget is now smaller. Since wallets contain actual cash, if I do go over I will still be okay.
If I spend more than I have allocated, I will just have less than what I expect to have in those wallets (again, until the new year).
The other thing I have done is altered my target income for the five remaining paycheques for this year. I have increased them by $100.00.
Meaning, I have moved my “Budgetary Minimum” line that I have set for what my pay must be up by $100.00.
If my hours and my commission will not make this amount, I will take a bit out of my vacation fund (at work as the “Holiday Pay fund”).
Again, the only vacation I take is my Christmas Break (which I have to book still) so there is always extra cash in there to raid.
All in all, I can make it, I can make this target and get out of this year, on an even keep, back to where I was before.
Though, I will still have that investment, so I will actually be ahead of the game.
As always: Keep your head up, your attitude positive, and keep moving forward!